NDX NQ Futures - Election Woes?

Taking a quick look at NASDAQ - it's a bit premature but very possible we are in the beginning phase of the creation of a right shoulder in a head and shoulders formation. Again, premature and totally unconfirmed at this point, but I wanted to point it out at a minimum and get your eyes on it.

I discuss in the video how to measure this kind of formation, but if (big if) we break down in this election cycle, we should see a capitulation-style move going into EOY that could take us back to November 2023 lows. Down in the low 14000's which would be something nobody is keeping an eye on.

Getting above 19000 on NQ futures would be a big deal and would help build confidence that this is not a head and shoulders formation and we are in a decent recovery phase.

Don't overtrade - today in particular was pretty choppy with only a few good names out there from a day-trading perspective.